Thursday, November 5, 2015

Tax planning is good for corporations too

Tax
planning is good for corporations too

If
you own a calendar-year corporation, you can benefit from planning moves you
make before December 31. For example, corporations can accelerate or defer
income or deductions to stay within a certain tax bracket. You'll also want to
look at your corporate alternative minimum tax exposure to determine whether
you qualify for an exception to the tax. Finally, reviewing estimated tax
payments can save penalties. Call us for more business planning strategies.